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March 13, 2017
                                           
China Lysine Weekly: Substantial rise in prices (week ended Mar 13, 2017)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices rose further.
 
Price quotes of 98.5-percent lysine increased to the range of RMB8-8.70-9/kg. Average prices were up by RMB0.68/kg at RMB8.78/kg.
                                                   
Price quotes of 70-percent lysine moved higher to RMB5-5.40/kg.
 
For imported 98.5-percent lysine, transacted prices rose to the range of RMB10.70-11.10/kg.
 

Weekly transacted prices of imported lysine in China (RMB/kg)

Provinces

City/Municipality

Price as of Mar 13
(RMB/kg)

Price as of Mar 6
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

8.80

8.00

0.80

Sichuan

Chengdu

8.80

8.00

0.80

Shandong

Jinan

8.70

8.20

0.50

Henan

Zhengzhou 

8.70

8.00

0.70

Liaoning

Shenyang

9.00

8.20

0.80

-

Beijing

8.70

8.20

0.50

-

Average

8.78

8.10

0.68

 

Weekly prices of imported lysine in China (RMB/kg)

Provinces

City/Municipality

Price as of Mar 13
(RMB/kg)

Price as of Mar 6
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

10.90

10.10

0.80

Sichuan

Chengdu

10.70

9.90

0.80

Shandong

Jinan

10.90

10.40

0.50

Henan

Zhengzhou 

11.10

10.40

0.70

Liaoning

Shenyang

10.90

10.10

0.80

-

Beijing

10.85

10.35

0.50

-

Average

10.89

10.21

0.68

Prices are for reference only.
RMB1=US$0.1448 (Mar 13)

 
 
Market analysis

Corn prices rebounded after the announcement of government subsidies to feed producers. With the costs of production higher and supplies tightened, prices of lysine increased substantially.
 
In Europe, price quotes for Q2 deliveries were higher in the range of EUR1.30-1.36/kg.
 
 
Market forecast              

Demand for lysine is expected to slow after feed millers turn cautious after the recent price hikes. However, lysine producer will stand firm amid limited availability and higher corn costs.
 

 

 


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